Freightways acquires First Global Logistics

Freightways CEO Mark Troughear says the acquisition wasn't material, so didn't need to be announced to the stock exchange. (Image: Freightways)

Oliver Lewis

Tue, 14 Nov 2023

Publicly-listed logistics company Freightways has acquired an Auckland-based international freight forwarder and e-commerce specialist.In an interview with BusinessDesk, chief executive Mark Troughear confirmed Freightways had acquired 100% of First Global Logistics.He wouldn’t disclose the purchase price but said the transaction occurred a couple of weeks ago and wasn’t disclosed to the New Zealand stock exchange because it wasn’t material.First Global, which describes itself as a leading e-commerce logistics provider (the co...

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